Natural Gas (NG1) Up $0.02 On 4 Hour Chart, Started Today Up 1.16%; Price Base in Formation Over Past 30 Days

Natural Gas 4 Hour Price Update

Updated May 25, 2020 11:07 PM GMT (07:07 PM EST)

The choppiness in the recent four-hour candle price action of Natural Gas continues; to start the current 4 hour candle, it came in at a price of 1.739 US dollars, up 1.16% ($0.02) since the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since the last 4 hour candle in terms of percentage price change.

Natural Gas Daily Price Recap

Natural Gas entered today at $1.739, up 1.16% ($0.02) from the day prior. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Coming into today Natural Gas is now close to its 50 day moving averages, which may act as price barrier for the asset. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

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It’s certainly a problem for CFE. The good news is that CCGT natural gas plants have relatively low cycling costs. The bad news is that you’ll run them less because solar and wind will eat their lunch during sunny and windy times. CFE will be able to charge a little more but …

@Highres_BN @DrAndreasNick Anyone else standing up to China and Russia? Europe wants Huawei for their 5G and Russia for their natural gas. But at same time wants US troops all over to defend them from the same countries. Wake up, it’s time to re-evaluate your leaders and the EU in general

Natural gas is often found dissolved in oil at the high pressures existing in a reservoir, and it can be present as a gas cap above the oil….For this reason, associated gas is sometimes called “wet gas.” There are also reservoirs that contain gas and no oil….Nonassociated gas, coming from reservoirs that are not connected with any known source of liquid petroleum, is “dry gas.” The first discoveries of natural gas seeps were made in Iran between 6000 and 2000 bce….Only after the crude oil shortages of the late 1960s and early ’70s did natural gas become an important world energy source (see oil crisis).